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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 671.910.0%Nov 14 4:00 PM EST

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To: J.T. who wrote (26544)9/21/1999 3:26:00 PM
From: Matthew L. Jones  Read Replies (1) of 99985
 
I'm noticing something which reinforces the position put forth by the article I cited earlier. While S&P futures dropped to the lows of the day (-32) and the indices are looking ugly, the stocks which are really beaten up are not getting hit too bad. Prime example AOL. Maybe the correction we are all looking for will be primarily focused on the same stocks that are making the indices look great heretofore. And while the indices are getting crushed, TICK is not nearly as negative as we've seen recently on mildly down days. Maybe the broader market has already been in a bear market and the indices are just playing catch up.

Matt
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